Memorias de investigación
Ponencias en congresos:
Traffic Risk in toll motorway concessions in Spain: An analysis of the ramp-up period.
Año:2008
Áreas de investigación
  • Transporte
Datos
Descripción
This paper analyzes the behaviour of actual traffic versus the traffic declared by the concessionaire in its offer in toll motorway concessions in Spain during the first few years of operation (ramp-up period). We obtain the result that, on average, there is a clear bias towards overestimation though the behaviour of any single concession may not have much to do with the average. In addition, we found that unlike what happens with annual traffic volumes, traffic growth rates are mostly underestimated by concessionaires in the ramp-up period. We explain this trend towards overestimation in the strategic behaviour of the bidders in the tender rather than in systematic modelling errors. The cause of this strategic behaviour lies in the willingness to renegotiate as shown by the government of Spain when actual traffic turns out to be lower than expected.
Internacional
Si
Nombre congreso
Third International Conference on Funding Transport Infrastructure.
Tipo de participación
960
Lugar del congreso
París
Revisores
Si
ISBN o ISSN
DOI
Fecha inicio congreso
19/06/2008
Fecha fin congreso
20/06/2008
Desde la página
0
Hasta la página
0
Título de las actas
Esta actividad pertenece a memorias de investigación
Participantes
Grupos de investigación, Departamentos, Centros e Institutos de I+D+i relacionados
  • Creador: Grupo de Investigación: Investigación en Planificación del Transporte
  • Departamento: Ingeniería Civil: Transportes
  • Centro o Instituto I+D+i: Centro de Investigación del Transporte